Budget Management

Budget Management

Red pencil laying on a wedding checklist.It shouldn’t be a surprise that with the many details that are involved in your wedding planning, that budget comes in as Top Priority.  It is also no secret that weddings can be pricey events to plan, but with our help, we can guide you to create the wedding of your dreams within the designated budget you decide. Below are a few guidelines that will help you decide on a budget for your wedding.

  • First, you must decide what kind of wedding you want to have. Deciding on whether you would prefer a small gathering with your closest family and friends, or rather elaborate event with an extensive guest list. This will begin your budget preparations.
  • From there, you will want to make a list of the guests you would like to invite to celebrate the occasion. You will also need to account for any guest’s mate if your guest list necessitates a “plus one” invitation.
  • Another important key to budgeting is to decide what you want the focal point of your wedding to be. Again, consider the kind of wedding you want to create and from there look into the details of what will create your dream wedding – i.e. your venue, food, décor or entertainment. With this step, you may decide to discuss your budget with wedding planner so you can decide if you possibly could afford the expenses for that. Once you’ve created your big picture and goal, you can begin budgeting towards it.

Making a list of your costs will help visualize where the majority of your budget will be spent and if it is in line with your wedding vision and expectations.  Also consider grouping your expenses into categories such as: pre-wedding, wedding and post-wedding to account for the before and after events of your big day.

Consider these guidelines to list your priorities according to your finances and always give yourself a little flexibility.  If appropriate, you may also want to discuss finances with your parents to see if they will be willing and able to help share the cost for your wedding.  What’s more is that regardless of how decently arranged a wedding plan you have, you must be prepared for overages. Discuss all aspects with your partner intensely on points you both recognize are the most important, along with choosing more economical options that are suitable to you. The above mentioned guidelines will help you to make wise choices about your wedding expenses within your budget.